The March NASDAQ 100 closed higher for the fifth day in a row on Monday as it posted a new record high. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 50-day moving average crossing at 6388.90 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 6690.75. Second resistance is unknown. First support is the 10-day moving average crossing at 6528.40. Second support is the 50-day moving average crossing at 6388.90.

The March S&P 500 closed higher for the fifth day in a row on Monday as it extended this winter's rally into record territory. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this winter's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 2688.49 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 2746.20. Second resistance is unknown. First support is the 20-day moving average crossing at 2688.49. Second support is the 50-day moving average crossing at 2633.61.

The Dow closed slightly lower on Monday as it consolidated some of this winter's rally. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bearish signaling that sideways to higher prices are possible near-term. With the Dow now trading into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 24,763.68 would confirm that a short-term top has been posted. First resistance is today's high crossing at 25,299.79. Second resistance is unknown. First support is the 20-day moving average crossing at 24,763.68. Second support is the reaction low crossing at 24,508.66.

March T-bonds closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March resumes the decline off December's high, October's low crossing at 149-07 is the next downside target. If March renews the rally off December's low, December's high crossing at 154-18 is the next upside target. First resistance is December's high crossing at 154-18. Second resistance is the 75% retracement level of the September-October-decline crossing at 154-21. First support is December's low crossing at 150-18. Second support is October's low crossing at 149-07.

March T-notes closed down 15/32's at 123-150.

March T-notes closed lower on Monday as it extended last week's decline. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to higher prices are possible near-term. If March resumes the decline off September's high, weekly support crossing at 122.205 is the next downside target. Closes above the 20-day moving average crossing at 123.289 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 123.289. Second resistance is the 50-day moving average crossing at 124.101. First support is December's low crossing at 123.125. Second support is weekly support crossing at 122.205.

February crude oil posted an inside day with a slightly higher on Monday.Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins. If February extends this winter's rally, the 50% retracement level of the 2014-2016-decline crossing at 64.11 is the next upside target. Closes below the 20-day moving average crossing at 59.04 would confirm that a short-term top has been posted. First resistance is last Thursday's high crossing at 62.21.Second resistance is the 50% retracement level of the 2014-2016-decline crossing at 64.11. First support is the 10-day moving average crossing at 60.53. Second support is the 20-day moving average crossing at 59.04.

February heating oil closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night trading session begins. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 198.97 would confirm that a short-term top has been posted. If February renews the rally off October's low, the 87% retracement level of the 2014-2016-decline crossing at 222.40 is the next upside target. First resistance is the 75% retracement level of the 2014-2016-decline crossing at 208.51. Second resistance is the 87% retracement level of the 2014-2016-decline crossing at 222.40. First support is the 10-day moving average crossing at 204.79. Second support is the 20-day moving average crossing at 198.97.

February unleaded gas closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends the rally off December's low, the May-2015 high crossing at 186.01 is the next upside target. Closes below the 50-day moving average crossing at 174.69 would confirm that a short-term top has been posted. First resistance is December's high crossing at 183.14. Second resistance is the May-2015 high crossing at 186.01. First support is the 50-day moving average crossing at 174.69. Second support is December's low crossing at 166.19.

February Henry natural gas posted an inside day with a higher close on Monday as it consolidated some of last week's decline. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 2.780 are needed to confirm that a short-term top has been posted. If February renews the rally off December's low, the reaction high crossing at 3.210 is the next upside target. First resistance is last Tuesday's high crossing at 3.097. Second resistance is the reaction high crossing at 3.210. First support is December's low crossing at 2.562. Second support is weekly support crossing at 2.522.

The March Dollar closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 92.70 are needed to confirm that a short-term low has been posted. If March extends the decline off December's high, the 87% retracement level of the September-November-rally crossing at 91.20 is the next downside target. First resistance is the 10-day moving average crossing at 92.16. Second resistance is the 20-day moving average crossing at 92.70. First support is the 87% retracement level of the September-November-rally crossing at 91.20. Second support is September's low crossing at 90.68.

The March Euro closed sharply lower on Monday as it consolidated some of the rally off December's low. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 119.54 would confirm that a short-term top has been posted. If March resumes the aforementioned rally, September's high crossing at 122.11 is the next upside target. First resistance is last Thursday's high crossing at 121.40. Second resistance is September's high crossing at 122.11. First support is the 20-day moving average crossing at 119.54. Second support is the 50-day moving average crossing at 118.79.

The March British Pound closed slightly lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally off November's low, September's high crossing at 1.3695 is the next upside target. Closes below the 20-day moving average crossing at 1.3478 would confirm that a short-term top has been posted. First resistance is last Wednesday's high crossing at 1.3646. Second resistance is September's high crossing at 1.3695. First support is the 20-day moving average crossing at 1.3478. Second support is the 50-day moving average crossing at 1.3379.

The March Swiss Franc closed lower on Monday. Stochastics and the RSI are neutral to bearish signaling that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Closes below the 20-day moving average crossing at 1.0235 are needed to confirm that a short-term top has been posted. If March resumes the rally off October's low, the 50% retracement level of the July-September-decline crossing at 1.0412 is the next upside target. First resistance is last Tuesday's high crossing at 1.0365. Second resistance is the 50% retracement level of the July-September-decline crossing at 1.0412. First support is the 10-day moving average crossing at 1.0273. Second support is the 20-day moving average crossing at 1.0235.

The March Canadian Dollar posted an inside day with a lower close on Monday as it consolidates some of the rally off December's low. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the aforementioned rally, September's high crossing at 82.71 is the next upside target. Closes below the 20-day moving average crossing at 78.88 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 81.00. Second resistance is September's high crossing at 82.71. First support is the 10-day moving average crossing at 79.72. Second support is the 20-day moving average crossing at 78.88.

The March Japanese Yen closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this month's decline, December's low crossing at 0.8840 is the next downside target. If March resumes the rally off December's low, December's high crossing at 0.9023 is the next upside target. First resistance is November's high crossing at 0.9073. Second resistance is the 62% retracement level of the September-November-decline crossing at 0.9141. First support is December's low crossing at 0.8840. Second support is November's low crossing at 0.8782.

February gold posted an inside day with a lower close on Monday ending its longest winning streak on record. The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher price are possible near-term. If February extends the aforementioned rally, the 75% retracement level of the September-December-decline crossing at 1334.00 is the next upside target. Closes below the 20-day moving average crossing at 1282.00 would confirm that a short-term top has been posted. First resistance is last Thursday's high crossing at 1327.30. Second resistance is the 75% retracement level of the September-December-decline crossing at 1334.00. First support is the 10-day moving average crossing at 1305.90. Second support is the 20-day moving average crossing at 1282.00.

March silver closed lower on Monday as it consolidates below the 62% retracement level of the September-December-decline crossing at 17.325. The low-range close set the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the aforementioned rally, November's high crossing at 17.485 is the next upside target. Closes below the 20-day moving average crossing at 16.501 would confirm that a short-term top has been posted. First resistance is the 62% retracement level of the September-December-decline crossing at 17.325. Second resistance is November's high crossing at 17.485. First support is the 10-day moving average crossing at 16.978. Second support is the 20-day moving average crossing at 16.501.

March copper closed lower on Monday.The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 318.26 are needed to confirm that a short-term top has been posted. If March resumes the rally off December's low, the August-2013 high crossing at 334.05 is the next upside target. First resistance is December's high crossing at 332.20. Second resistance is the August-13 high crossing at 334.05. First support is the 20-day moving average crossing at 318.26. Second support is the 50-day moving average crossing at 313.65.

March corn closed lower on Monday due to a round of technical selling and concerns that the next USDA production and stocks data will be bearishly big. March futures tilted 4 cents lower to close at $3.4725, while May futures dipped 3.75 cents to close at $3.5550. Corn export inspections outpaced the average trade guess of 19 million to 31 million bushels, in fact, with a weekly total of 33.4 million bushels. That was also ahead of last week’s total of 28.6 million bushels, but slightly behind this week a year ago 34.6 million bushels. Mexico was the No. 1 destination for export inspections last week, with 9.2 million bushels. Ahead of the next WASDE updates, a survey of around 30 industry analysts shows expectations of unchanged 2017/18 corn reserves, currently at 2.437 billion bushels. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above the 50-day moving average crossing at 3.54 are needed to confirm that a short-term low has been posted. If March resumes the decline off November's high, December's low crossing at 3.46 1/2 is the next downside target. First resistance is the 50-day moving average crossing at 3.54. Second resistance is December's high crossing at 3.60 1/2. First support is December's low crossing at 3.46 1/2. Second support is weekly support crossing at 3.32.

March wheat closed down 3 3/4-cents at 4.27.

March wheat closed lower on Monday as it consolidates some of the rally off December's low. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 4.23 3/4 would confirm that a short-term top has been posted. Multiple closes above the 50-day moving average crossing at 4.32 3/4 are needed to confirm that a short-term low has been posted. First resistance is the 50-day moving average crossing at 4.32 3/4. Second resistance is December's high crossing at 4.60 3/4. First support is December's low crossing at 4.10 1/2. Second support is psychological support crossing at 4.00.

March Kansas City Wheat closed down 4 1/4-cents at 4.33 1/4.

March Kansas City wheat closed lower on Monday as it consolidated some of the rally off December's low but remain above the 50-day moving average crossing at 4.32. The low-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 4.24 1/4 would confirm that a short-term top has been posted. If March extends the rally off December's low, November's high crossing at 4.51 1/2 is the next upside target. First resistance is last Thursday's high crossing at 4.41 3/4. Second resistance is November's high crossing at 4.51 1/2. First support is December's low crossing at 4.10 1/2. Second support is psychological support crossing at 4.00.

March Minneapolis wheat closed down 1 1/4-cents at 6.25 1/2.

March Minneapolis wheat closed lower on Monday as it consolidated some of last Thursday's rally. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 6.28 1/2 are needed to confirm that a short-term low has been posted. If March renews the decline off November's high, the 87% retracement level of the April-July-rally crossing at 5.89 1/2 is the next downside target. First resistance is the 50-day moving average crossing at 6.28 1/2. Second resistance is December's high resistance crossing at 6.34. First support is December's low crossing at 6.05. Second support is the 87% retracement level of the April-July-rally crossing at 5.89 1/2.

March soybeans closed lower on Monday. The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 9.72 1/4 are needed to confirm that a short-term low has been posted. If March resumes the decline off December's high, the late-August low crossing at 9.50 is the next downside target. First resistance is the 20-day moving average crossing at 9.72 1/4. Second resistance is the 50-day moving average crossing at 9.89 1/2. First support is December's low crossing at 9.54 3/4. Second support is the late-August low crossing at 9.50.

March soybean meal closed down $0.20 at 321.70.

March soybean meal closed slightly lower on Monday as it consolidated some of the decline off December's high. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 321.70 are needed to confirm that a low has been posted. If March resumes the decline off December's high, November's low crossing at 315.00 is the next downside target. First resistance is the 20-day moving average crossing at 321.70. Second resistance is the reaction high crossing at 331.20. First support is last Thursday's low crossing at 315.50. Second support is November's low crossing at 315.00.

March soybean oil closed down 21 pts. At 33.55.

March soybean oil closed lower on Monday as it consolidates some of the rally off December's low. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 33.39 would signal that a short-term top has been posted. If March extends the rally off December's low, the 50-day moving average crossing at 34.12 is the next upside target. First resistance is last Friday's high crossing at 34.10. Second resistance is the 50-day moving average crossing at 34.12. First support is December's low crossing at 32.52. Second support is the 87% retracement level of the June-September-rally crossing at 32.44.

February hogs closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends the rally off December's low, weekly resistance crossing at 76.91 is the next upside target. Closes below the 20-day moving average crossing at 69.50 would confirm that a short-term top has been posted. First resistance is today's high crossing at 73.40. Second resistance is weekly resistance crossing at 76.91. First support is the 10-day moving average crossing at 71.34. Second support is the 20-day moving average crossing at 69.50.

February cattle closed down $2.03 at 117.23.

February cattle closed sharply lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends today's decline, the 75% retracement level of the August-November-rally crossing at 115.05 is the next downside target. Closes above the 10-day moving average crossing at 120.98 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 120.98. Second resistance is the 50-day moving average crossing at 123.53. First support is the 75% retracement level of the August-November-rally crossing at 115.05. Second support is the 87% retracement level of the August-November-rally crossing at 112.35.

March Feeder cattle closed down $0.05 at $141.93.

March Feeder cattle closed slightly lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this month's decline, December's low crossing at 138.30 is the next downside target. Closes above the 50-day moving average crossing at 148.71 would confirm that a low has been posted. First resistance is the 50-day moving average crossing at 148.71. Second resistance is the reaction high crossing at 154.05. First support is today's low crossing at 140.55. Second support is December's low crossing at 138.30.

FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food

March coffee closed lower on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 12.35 would confirm that a short-term top has been posted. If March extends the rally off December's low, November's high crossing at 13.30 is the next upside target.

March cocoa closed higher on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to lower prices are possible near-term. If March extends the rally off December's low, the 50-day moving average crossing at 20.12 is the next upside target. If March renews the decline off November's high, weekly support crossing at 17.91 is the next downside target.

March sugar closed lower on Monday as it consolidates some of the rally off December's low. The mid-range close set the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 14.53 would confirm that a short-term top has been posted. If March extends the aforementioned rally, November's high crossing at 15.49 is the next upside target.

March cotton posted an inside day with a lower close on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 76.58 are needed to confirm a short-term top has been posted. If March extends the rally off October's low, weekly resistance crossing at 80.67 is the next upside target.